Tuesday, March 31, 2009

Market outlook for 31.03.2009

NIFTY FUTURES (F & O)
  Selling may continue up to 2961 level for time being.
Hurdles at 2998 & 3005 levels. Above these levels, expect short covering up to 3041-3043 zone and thereafter expect a jump up to 3077-3079 zone by non-stop.
Cross above 3184-3186 zone, it can zoom up to 3220-3222 zone and supply expected at around this zone and have caution.
On Negative Side, rebound expected at around 2923-2925 zone on down side. Stop Loss at 2888-2890 zone.
  
Short-Term Investors:  
 Bullish Trend. 3 closes above 2932 level, it can zoom up to 3033 level by non-stop.
  
BSE SENSEX   
 False signal is likely. Traders can expect fall further.
  
Short-Term Investors:  
 Short-Term trend is Bullish and target at around 10824 level on upper side.
Maintain a Stop Loss at 9430 level for your long positions too.
 
Strong & Weak futures
This is list of 10 strong futures:
Matrix Labs, S Kumar Syn, Nagar Const, J&K Bank, Unitech, Sasken, Sterlite Tech, Ster, BRFL & Sesa Goa.

And this is list of 10 Weak Futures:
Rolta, Alok Text, HTMT Global, IOC, Hinduja Ventures, Network 18, Sterling Bio, Crompton Greaves, Indian Bank & Glaxo.

 Nifty is in Up Trend.
GLOBAL CUES & RUPEE
The Dow Jones Industrial Average closed at 7,522.02. Down by 254.16 points.
The Broader S&P 500 closed at 787.53. Down by 28.41 points.
The Nasdaq Composite Index closed at 1,501.80. Down by 43.40 points.
The partially convertible rupee <INR=IN> closed at 51.17/19 per dollar on yesterday, down from Thursday's close of 50.59/61.
 
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 30-Mar-2009 1422.45 1874.77 -452.32
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 30-Mar-2009 929.48 978.86 -49.38

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Arvind Parekh
+ 91 98432 32381